Repealing Obamacare could pit Kushner against Kushner

Josh Kushner’s startup Oscar Insurance is centered around Affordable Care Act

New York /
Nov.November 21, 2016 01:52 PM

While speculation mounts that Jared Kushner will be tapped for a top gig at the White House, his younger brother Josh is facing a more uncertain future under the Trump presidency.

Josh Kushner co-founded his health startup Oscar Insurance in 2013. The New York company built its business around the Affordable Care Act, which Donald Trump has vowed to dismantle. Further complicating matters is that prominent Trump supporter Peter Thiel is among Oscar’s main investors, giving the startup ties to the incoming administration. These links to Trump could mean increased scrutiny for the company, the Wall Street Journal reported.

Oscar was valued at $2.7 billion in February, according to the Journal. But the company is already falling short of internal projections. It has pulled out of New Jersey, one of the four states where Oscar is available, and from the Dallas market, to try and contain costs.

Oscar is one of a number of insurance startups that are tied to the Affordable Care Act, the fate of which is not yet determined.

Josh Kushner publicly stated he would not vote for Donald Trump in the 2016 election.

He is said to be close to his older brother, Jared, but they generally keep their distance when it comes to their professional lives. Josh has not attended Kushner company meetings regularly for several years.

Jared, who played a key role in his father-in-law’s campaign, is reportedly being primed for a top job at the White House.  However, there are questions around whether his appointment would violate anti-nepotism laws[WSJ]Miriam Hall  


Related Articles

arrow_forward_ios
Make Greenland Great Again? Trump wants to buy Arctic territory
Make Greenland Great Again? Trump wants to buy Arctic territory
Make Greenland Great Again? Trump wants to buy Arctic territory
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Donald Trump and the Ferry Point course (Getty, Trump Golf Links Ferry Point)
Homeless shelter operator to take over Trump’s Bronx golf course
Homeless shelter operator to take over Trump’s Bronx golf course
Trump Plaza New Rochelle at 175 Huguenot Street and Donald Trump (Getty, Anthony22/Wikimedia)
Trump Plaza New Rochelle dumps Trump Org as property manager
Trump Plaza New Rochelle dumps Trump Org as property manager
Donald Trump with Trump International Hotel in Washington DC (Getty, Trump Hotels)
Trump Org in “advanced talks” to sell DC Hotel lease
Trump Org in “advanced talks” to sell DC Hotel lease
Donald Trump and Trump Tower at 725 5th Avenue (Getty, Jorge Láscar/Wikimedia)
Trump PAC a key tenant at strained Trump Tower
Trump PAC a key tenant at strained Trump Tower
The agency is challenging $21 billion in deductions over a three-year period (Getty)
IRS probes promoters of tax-deductible property easements
IRS probes promoters of tax-deductible property easements
Texas broker pleads guilty to misdemeanor for involvement in Capitol riot
Texas broker pleads guilty to misdemeanor for involvement in Capitol riot
Texas broker pleads guilty to misdemeanor for involvement in Capitol riot
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...